1146 N Formosa Avenue West Hollywood, CA 90046
Fantastic 8-unit investment property located in prime West Hollywood. This is the first time the property's been on the market in approximately 46 years! The mid-century apartment complex, built in 1956, offers a total of 6, 856 square feet of living space, with each unit boasting 857 square feet on average. The building features a strong unit mix, of (2) spacious 2-bedroom/1-bath units and (6) large 1-bed / 1-bath units. Four of the eight units have received interior upgrades over the years, and the building has received significant capital improvements including a full copper repipe in 2013. The roof was also fully replaced in 2009. Additionally, the property's tuck-under parking with 6 spots in the back of the lot does not require a soft-story retrofit per the City of West Hollywood (Buyer to verify with City). One unit will also be delivered vacant. 1146 N Formosa is occupied by several long-term tenants, offering over 60% upside on the current rents!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site11 Days
- MLS StatusActive
- MLS ID Number24389497
- Home Size Source N/A
- Year Built1956
- Lot Size0.1553 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Covered
- Parking Spaces 6
- Number of Stories 22
- Acreage 0.1553
- Zoning WDR3C*
- Listing Conditions Standard
Interior Features
- Heating Natural Gas
- Laundry Features Community
Community Features
- Senior Community No
- MLS Area C10 - West Hollywood Vicinity